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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Warehouses
3126 55th Ave Spokane, WA 99223-7098
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-1109402
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Total area
13,600 SF
Lot
2.75 ac (120,000 SF)
APN
34032.0469
UPID
US90-1109402
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$1.98M
Owner & transaction history
South Hill Mini Storage LLC · 9 yrs held
South Hill Mini Storage LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+97.8%
Retail stores
$3.1M
+91.5%
Restaurant
$3.0M
+84.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,635,000
Current use
MEDICAL BUILDING
$3,235,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$3,130,000
Change: +91% · Conversion: Moderate
RESTAURANT
$3,015,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,690,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,450,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,554
Tax year 2023
Assessed value
$1,731,200
Assessed 2024
Previous assessed
$1,616,700
+7.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$720,000
Assessed improvement
$1,011,200
Land market value
$720,000
Improvement market value
$1,011,200
Total market value
$1,731,200
Applied tax rate
480.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
4
Stories
1
Bathrooms
1
Total area
13,600 SF
Lot
2.75 ac (120,000 SF)
APN
34032.0469
UPID
US90-1109402
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Buildings
4
Bathrooms
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
South Hill Mini Storage LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1380 LEAD HL BLVD STE #260, ROSEVILLE, CA 95661-2998
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2016
—
South Hill Mini Storage LLC
Piper Clinton A
Grant Deed
—
Dec 12, 2016
$1,000,000
Cp Spokane LLC
Ewell,jacqueline
Grant Deed
—
Jun 2, 2016
—
Barbara A Baker
Baker Arthur J
Quit Claim Deed
related
—
May 24, 2013
—
South Hill Mini Storage LLC
—
Deed Of Trust
related
$1,797,788 · Sterling Bank
Feb 26, 1999
—
Dale L Bright
Clinton A Piper Et Al Ptshp
Quit Claim Deed
related
—
Aug 31, 1995
—
Clinton A Piper
—
Deed Of Trust
related
$2,160,000 · Sterling Savings Association
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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